Penobscot Wealth Management Has $6.65 Million Holdings in SPDR Portfolio S&P 500 Value ETF $SPYV

Penobscot Wealth Management boosted its position in SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) by 7.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,031 shares of the company’s stock after purchasing an additional 9,349 shares during the period. SPDR Portfolio S&P 500 Value ETF makes up approximately 2.4% of Penobscot Wealth Management’s investment portfolio, making the stock its 9th biggest holding. Penobscot Wealth Management’s holdings in SPDR Portfolio S&P 500 Value ETF were worth $6,649,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPYV. Elite Financial Inc. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the first quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter valued at approximately $26,000. Tompkins Financial Corp raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 4,681.8% during the second quarter. Tompkins Financial Corp now owns 526 shares of the company’s stock valued at $28,000 after acquiring an additional 515 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the first quarter valued at approximately $29,000. Finally, VSM Wealth Advisory LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the first quarter valued at approximately $30,000.

SPDR Portfolio S&P 500 Value ETF Stock Performance

SPDR Portfolio S&P 500 Value ETF stock opened at $56.25 on Monday. The company has a 50 day moving average price of $54.92 and a 200-day moving average price of $52.53. SPDR Portfolio S&P 500 Value ETF has a fifty-two week low of $44.39 and a fifty-two week high of $56.37. The company has a market capitalization of $30.25 billion, a PE ratio of 20.50 and a beta of 0.94.

About SPDR Portfolio S&P 500 Value ETF

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio.